Public Limited Company

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Public Limited Company for the Modern Entrepreneur.

A public limited company is a Company limited by shares, which can offer its shares or debentures to Public, can make or accept deposits from Public at large and there are no restrictions on the transfer of shares. The businesses with a large scale of operation and with an expansion plan should opt this form of business.

 

Public Limited Company

A public limited company is a Company limited by shares, which can offer its shares or debentures to Public, can make or accept deposits from Public at large and there are no restrictions on the transfer of shares. The businesses with a large scale of operation and with an expansion plan should opt this form of business. The minimum number of 7 persons is required as shareholders and 3 as directors to set up a limited company and there is no cap on the maximum number of shareholders.

A public limited company is a voluntary association of members, which is incorporated and therefore has a separate legal existence and limited liabilityof its members to the extent of the amount of shares subscribed.

It also has a minimum share capital requirement of Rs.5 Lakhs. A Public Limited Company should be registered with Registrar of Companies (ROC) of the respective State under the Companies Act, 1956. Although the registration with ROC is on State level, it is free to do Business anywhere in India.

A limited company grants limited liability to its owners and management. Being a public company, it allows a firm to sell shares to investors this is beneficial in raising capital. It has more stringent regulatory requirements compared to a Private Limited Company. It has most of the characteristics of a private limited company & the ability to have any number of members, ease in transfer of shares, more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.

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PUBLIC LIMITED COMPANY INCORPORATION

Allindiataxfiling.com can incorporate a Public Limited Company in 10 to 12 days, subject to ROC processing time.

OBTAINING DSC

Digital Signature Certificate (DSC) is required for the proposed Directors of the Public Limited Company.DSC can be obtained for the proposed Directors within 1 day.

DOCUMENTS PREPARATION

A Minimum of one and a maximum of 2 working days are required to prepare all the filing documents

COMPANY INCORPORATION

Incorporation documents can be submitted to the MCA along with an application for incorporation

 

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Start Business in One Day

Proprietorship formation is the easiest among all other business forms, and that you can start within one working day.

100% Online Process

We help small business to start their business in an entirely online environment and without any hassle.

Ease of Compliance

The compliance requirement is significantly less, and there is no need to get the accounts audited or file any annual return.

Limited Liability

As the taxable income forms part of the Proprietor’s ITR, The benefit of slab based income tax is available to proprietorship.

Limited Liability

The compliance requirement is significantly less, and there is no need to get the accounts audited or file any annual return.

Easy To Close

There is no specific process to close the proprietorship firm. Surrender all registration and licenses and close business.

Wondering How to Start a Business.

Our startup advisors are available to answer all your queries on the requirements, step-wise process, cost and the documents required to set up a business.

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Documents Required For Public Limited Company Registration
A. Documentation of the Company & PromotersB. Documents For Registered Address
  1. Photo & Identity Proof of Each Promoter
  2. Pan Card of All Promoters
  3. Address Proof: (any one document)
    1. Telephone Bill
    2. Gas Bill,
    3. Electricity Bill
    4. Bank Statement
  1. Proof of Registered Office
  2. Utility Bill as proof must be Latest
  3. NOC from the owner of premises

Checklist On Minimum Requirements To Start Proprietorship

Stepwise Process of Public Limited Company Registration

The public Limited companies are suitable for large scale of business where the capital requirement is very high, and the company is willing to obtain money from the public at large. We shall be extending our support at the initial consultation to draft the objects and name selection for the company, to file the necessary application for incorporation and regular follow up with the ROC until the certificate of incorporation is issued.

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FAQ

Frequently Ask Questions

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To incorporate a Limited Company, Minimum 7 Shareholders Minimum 3 Directors The directors and shareholders can be same person Minimum Share Capital of Rs. 5 Lakhs.
 
Yes, a NRI or Foreign National can be a Director in a Limited Company after obtaining Director Identification Number (DIN). However, atleast one Director on the Board of Directors must be a Resident India.
 
The Director needs to be over 18 years of age and must be a natural person. There is no professional or educational qualification is required. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in a Public Limited Company.
 

Compliance Wizard.com can incorporate a Limited Company in 16-18 days. The time taken for incorporation will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy incorporation, please choose a unique name for your Company and ensure you have all the required documents prior to starting the incorporation process.